Some ASX dividend shares can provide plenty of passive income thanks to their pleasing dividend yields.
Interest rates have risen, increasing the cash return paid by term deposits, bonds, and so on. However, I think that good ASX dividend shares are even more appealing because they can provide even higher income and growth, and interest rates may not stay this high forever.
I'll talk about two leading opportunities with dividends above 7%.
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Dexus Industria REIT (ASX: DXI)
The first idea I want to talk about is a real estate investment trust (REIT) exposed to one of the best rental subsectors, in my view.
The business owns high-quality industrial warehouses across major Australian cities, providing sustainable income and capital growth over the long term.
Some of those tailwinds include long-term growth of e-commerce and data centres, helping drive the rental value of REITs.
It's delivering a strong level of rental growth. For FY26, it revealed strong like-for-like portfolio income growth of 5.3%, supported by rental escalations, re-leasing spreads of 21.4% (new rental contracts are earning a lot more than the old contracts), and high occupancy of 98.8%.
The business expects to pay an annual distribution per unit of 16.6 cents. That's a forward distribution yield of 7.2%.
Pleasingly, its rental income is regularly growing, with around 87% of rental income having fixed rental increases or CPI-linked reviews.
It looks cheap to me; the business reported net tangible assets (NTA) of $3.42 per security as at 30 June 2026.
WCM Global Growth Ltd (ASX: WQG)
The other ASX dividend share I want to highlight is this listed investment company (LIC).
I love particular LICs for their investment styles and the way they can deliver consistent, even growing dividends.
The fund manager WCM has two factors that it looks for to include in the portfolio, which targets international quality shares. It wants to find businesses with a rising competitive advantage (or expanding economic moat) and a corporate culture that supports the expansion of the economic moat.
In other words, the ASX dividend share is looking for great businesses that are set up for long-term success and are becoming increasingly good at what they do.
Impressively, the LIC's portfolio has returned a net 21.2% per year over the past three years through August 2026, helping fund great dividends. Past performance is not a reliable indicator of future performance, of course.
The company recently paid a quarterly dividend of 2.35 cents per share in September 2026. It expects to hike its quarterly September dividend in a year from now by 10.6%.
Over the next year, it expects to pay quarterly dividends that total 10.1 cents per share. That works out to be a forward grossed-up dividend yield of 7.1%, including franking credits.
I think it's a great time to invest in these two ASX dividend shares.
